TCB Sells Viecore

Thoma Cressey Bravo has sold Viecore Inc. to Nuance Communications Inc. (Nasdaq: NUAN). No financial terms were disclosed. Viecore is a Mahwah, N.J.-based provider of contact center speech solutions for large enterprises. 

 

PRESS RELEASE
Thoma Cressey Bravo, a leading private equity investment firm, announced today that its portfolio company Viecore, Inc. has been sold to Nuance Communications, Inc. The signing of the acquisition agreement was announced by the companies in October.

 

“This very successful transaction is the result of the extraordinary commitment and leadership abilities of Tom Chisholm, Viecore's CEO, and his management team,” said Carl Thoma, a managing partner of Thoma Cressey Bravo. “We invested in Viecore just prior to the 2000-2002 tech recession, and partnered with Tom and his team to lead the company through that period as an even better and stronger business.”

 

Nuance is a leading provider of speech and imaging solutions for businesses and consumers. Viecore specializes in the deployment of contact center speech solutions for large enterprises. Viecore was an investment of Thoma Cressey Fund VI, a $450 million fund raised in 1998. The firm is now completing Thoma Cressey Fund VIII, a $765 million fund raised in 2005.

 

About Thoma Cressey Bravo

Thoma Cressey Bravo is a leading private equity investment firm with more than 27 years of experience in building successful companies. Recognized nationally for pioneering the 'buy and build' strategy, Thoma Cressey Bravo identifies high-potential industry sectors to partner with successful companies in building industry leaders through organic growth, operational improvements and strategic acquisitions. Thoma Cressey Bravo specializes in software, healthcare, business services and other consolidating industries including education, distribution and consumer products. The firm currently manages almost $2 billion in equity capital. For more information, please visit www.tcb.com.

 

About Nuance

Nuance (NASDAQ: NUAN) is a leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. Every day, millions of users and thousands of businesses experience Nuance's proven applications and professional services. For more information, please visit www.nuance.com.

 

About Viecore

Viecore is a leading consulting and systems integration firm delivering end-to-end automated customer interaction solutions. Since 1989, Viecore has been a trusted advisor to enterprise-level corporations, providing leadership and guidance in defining contact center strategies. Its integration services bring together CTI (computer telephony integration), IVR (interactive voice response), speech, and web technologies